Probably a very basic question and I will call my PRSA provider on this but... if I haven't maxed out my eligible PRSA contributions for 2010 yet, can this be done via lump sum payment in December? (I'm a self employed company director).
Or in other words, am I correct in thinking that
1. Tax relief is based on Jan-Dec tax year/total contributions per calendar year
and
2. Tax relief on PRSA contributions will be reduced from beginning of Jan 2011, or if it is reduced via finance bill later in 2011 will the reduction be retroactive or from a date after the finance bill is passed?
Hope the question makes sense!
Thanks folks.
Or in other words, am I correct in thinking that
1. Tax relief is based on Jan-Dec tax year/total contributions per calendar year
and
2. Tax relief on PRSA contributions will be reduced from beginning of Jan 2011, or if it is reduced via finance bill later in 2011 will the reduction be retroactive or from a date after the finance bill is passed?
Hope the question makes sense!
Thanks folks.